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    Financial and Managerial Accounting Study Set 1
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    Exam 26: Investments
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    When Individual AFS Securities Are Sold,the Difference Between the Cost
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When Individual AFS Securities Are Sold,the Difference Between the Cost

Question 211

Question 211

True/False

When individual AFS securities are sold,the difference between the cost of the individual securities sold and the net proceeds (sale price less fees)is recorded as a gain or loss on sale of debt investments.

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